4 ms·

Things have diverged for the US and Europe pretty significantly post-pandemic. I'd be curious to see updated data.

mytailorisrich 3y ago
Europe has been sinking relatively to the US for a long time. Europe stalled when the global financial crisis hit in 2008 and never recovered. GDP of Eurozone was about the same as the US's in 2008, now the US's is almost double the Eurozone's.
- medstrom 3y ago
  Could this be accounted for by tech giants in the US?
  - dependsontheq 3y ago
    Basically you have 4 parts: - Tech Giants and concentration of global profits, don't look at revenue look at profits - demographics, Europe is now loosing workers every year - deficit spending, Europe has spent comparatively litte compared to the US - energy and Russia, a much bigger burden in Europe
  - lm28469 3y ago
    Maybe ? (yes) https://pbs.twimg.com/media/EePHe5_U8AAf0Uy.jpg https://pbs.twimg.com/media/EePHe5_U8AAf0Uy.jpg
- jltsiren 3y ago
  Remember that 2008 was the year when US dollar crashed. €1 was suddenly worth $1.5 or even $1.6. If you look at GDP figures measured in US dollars and use 2008 as the baseline, you get nonsensical results for almost every country. Real GDP growth from the 2008 peak to today has been a bit under 15% for the Eurozone and a bit under 35% for the US. The difference comes mostly from the lack of growth in the early 2010s due to the debt crisis and from the impact of the war in Ukraine.
  - mytailorisrich 3y ago
    The trend is the same and the point is the same: Growth has stalled in Europe for more than a decade (15% in 16 years...) while the US are steaming ahead.
- lm28469 3y ago
  Partially because most of the free money printed by central banks are directly or indirectly redirected to the US economy, first after 2008 and now since the pandemic
nuthje 3y ago
Which things? Based on what data? You're asking for data to substantiate your statement -- maybe first have the data?

Europe has been sinking relatively to the US for a long time. Europe stalled when the global financial crisis hit in 2008 and never recovered. GDP of Eurozone was about the same as the US's in 2008, now the US's is almost double the Eurozone's.

medstrom 3y ago
Could this be accounted for by tech giants in the US?
- dependsontheq 3y ago
  Basically you have 4 parts: - Tech Giants and concentration of global profits, don't look at revenue look at profits - demographics, Europe is now loosing workers every year - deficit spending, Europe has spent comparatively litte compared to the US - energy and Russia, a much bigger burden in Europe
- lm28469 3y ago
  Maybe ? (yes) https://pbs.twimg.com/media/EePHe5_U8AAf0Uy.jpg https://pbs.twimg.com/media/EePHe5_U8AAf0Uy.jpg
jltsiren 3y ago
Remember that 2008 was the year when US dollar crashed. €1 was suddenly worth $1.5 or even $1.6. If you look at GDP figures measured in US dollars and use 2008 as the baseline, you get nonsensical results for almost every country. Real GDP growth from the 2008 peak to today has been a bit under 15% for the Eurozone and a bit under 35% for the US. The difference comes mostly from the lack of growth in the early 2010s due to the debt crisis and from the impact of the war in Ukraine.
- mytailorisrich 3y ago
  The trend is the same and the point is the same: Growth has stalled in Europe for more than a decade (15% in 16 years...) while the US are steaming ahead.
lm28469 3y ago
Partially because most of the free money printed by central banks are directly or indirectly redirected to the US economy, first after 2008 and now since the pandemic

nuthje 3y ago

Which things? Based on what data? You're asking for data to substantiate your statement -- maybe first have the data?